The horror of people having to pay market prices for insurance... Color me completely unsympathetic. Government flood insurance should be abolished.
ok....im happy youll pay so much in new obamacare taxes...ur a jerk jumping on the graves of innocent people...this is what happens when the govt runs a business and a evil person like waters and obama get power...may ur home get eaten by a tornado
The horror of people having to pay market prices for insurance...
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Your sarcasm is appreciated , however it is greatly misplaced.. This , like every government program is HIGHLY inefficient , insurance normally nets the issuer a 5-10% gain with a 90% payout on the premiums ... We in Florida , with a 40+ year sample to give you the most accurate overview have paid in 4X what we have received... and are being assessed 4x that amount again ,, we can therefore expect a return of 1/16th of the premium over time ... ridiculous ..
These aren’t rich people with oceanside mansions (they can pay the premium increase) , many are far inland , most are typical households where an additional $10,000.00 in MANDATORY expenses will crush them ,, we will have abandoned properties everywhere which will not be able to be resold because nobody will pay a $800 mortgage AND a $1200/month insurance bill.